investors value carbon risk disclosure. Through a survey and empirical tests, we conclude that many institutional investors … consider climate risk reporting to be as important as financial reporting. However, systematic variation exists in their …

, I find that higher temperature anomalies lower sovereign bond performances (i.e. increase sovereign risk) significantly …

12, I find that higher temperature anomalies lower sovereign bond performances (i.e., increase sovereign risk …

technological progress reduce ESG progress. This shows that the risk of climate change requires the introduction of stricter …Environmental, Social, and Governance (ESG) is a market for environmental criteria that has recently attracted the … the EU Sustainable Development Goals, this study aims to examine the impact of climate risk uncertainties (transitional …

We propose a proxy for a climate risk factor, the pollutive-minus-clean (PMC) portfolio, which captures differences in … obtain estimates of asset-level climate risk exposure: 'carbon beta'. Validation of carbon betas confirms that variation in … climate risk exposures aligns with our prior expectations. Our measure has desirable properties regarding availability …

We propose and implement a procedure to optimally hedge climate change risk. First, we construct climate risk indices … climate risk hedge portfolios. The new mimicking portfolio approach is much more efficient than traditional sorting or maximum … delivering markedly higher and statistically significant alphas and betas with the climate risk indices …

financial markets. The climate related risk is divided into three subcategories, the environmental uncertainty, the economic … climate risk and the climate policy risk, which all of them may affect the markets directly or indirectly. The perspective is … market valuation of the climate risk. …

This paper analyzes the approaches adopted by institutional investors to manage climate risk in their portfolios and …

We propose and implement a procedure to optimally hedge climate change risk. First, we construct climate risk indices … climate risk hedge portfolios. The new mimicking portfolio approach is much more efficient than traditional sorting or maximum … delivering markedly higher and statistically significant alphas and betas with the climate risk indices. …